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On the day before he left office, Massachusetts Governor Deval Patrick signed an act relating to parental leave (the “Act”) into law. The Act significantly amends the Massachusetts Maternity Leave Act (“MMLA”), which provides eight weeks of job-protected leave to female employees following the birth or adoption of a child. Most notably, the Act will extend that same right to male employees. It will take effect April 7, 2015.

The SEC recently proposed rules to implement Section 955 of the Dodd-Frank Act, which calls for disclosure of whether a company’s employees and directors are permitted to purchase financial instruments (including prepaid variable forward contracts, equity swaps, collars, and exchange funds) designed to hedge or offset any decrease in the market value of the company’s equity securities.

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